It is reported that the Ministry of Industry and Information Technology is working out a "strategic plan for going global" for "manufacturing" and strengthening the overall coordination, guidance, and classification of enterprises. As China’s economic and social development enters a new phase, the current “going out†environment, conditions, and goals are undergoing profound changes, presenting many different situations and characteristics from before.
According to news on October 20, a report released by BCG showed that in the top 25 economies in terms of global exports, the United States as the benchmark (100), China’s manufacturing cost index is 96, that is, the same product in the United States. The manufacturing cost is 1 US dollar, then it needs 0.96 US dollars in China, the gap between the two sides has been greatly reduced.
Whether or not BCG's measurement method is scientific is yet to be demonstrated, but the loss of “Made in China†is indeed an indisputable fact.
Liu Zhiqin, a researcher at the Chung Yang Financial Research Institute of Renmin University of China, believes that due to factors such as labor costs, RMB appreciation, and trade barriers, China’s manufacturing cost advantage will gradually be lost. The task of reversing this trend is arduous, but it is neither realistic nor possible to place the expectation of economic restructuring on new forms of business brought about by the service industry and high technology. National security, economic development, and employment all require China to make a difference in high-end manufacturing.
An intelligent manufacturing company executive said that due to the slowdown in the domestic economy, the pressure on the industry is generally high. With the intensification of manufacturing overcapacity in China and changes in labor costs, domestic manufacturing companies have gradually begun to shift some factories to countries with lower labor costs, such as India.
Li Dongsheng, chairman and chief executive officer of TCL Group, pointed out that exporting China's industrial capacity overseas is a general trend that can both absorb excess production capacity and help Chinese companies “go globalâ€.
According to the Ministry of Industry and Information Technology, “all of this has determined that the form and task of our “going out†should accelerate the shift from product output, goods trading mainly to industry and capital output.â€
The “going out†of equipment manufacturing industry is an important investment opportunity in the coming years. Earlier, the Ministry of Industry and Information Technology and the National Development Bank have jointly selected more than 30 key projects to promote the manufacturing of equipment through the cooperation between banks and enterprises.
At the same time, in implementing the goals of the China Manufacturing 2025 plan, the Ministry of Industry and Information Technology also focused on further supporting the “going out†of high-end equipment manufacturing, and selected some key projects to accelerate progress.
According to the Ministry of Industry and Information Technology, “In the future, we will promote financial institutions to innovate financial services, improve the global service network, build a docking platform for banks and enterprises, and make good use of existing policy-based financial instruments to integrate key areas of international capacity and equipment manufacturing cooperation into the Silk Road Fund. , AIIB and other policy support areas."
Everbright Securities believes that China has the advantages of going overseas, including ship exports, high-speed rail, nuclear power, construction, UHV power grids, and 4G networks. Ship exports (CIMC), High Speed ​​Rail (China Railways), Nuclear Power (Shanghai Electric, Dongfang Electric, China Yizhong, China Nuclear Technology), Infrastructure (China Railway Construction, China Communications Construction, China Railway Construction, China Construction, Longjian , Southeast grid) and other plates are worth continuing investors to see.
According to news on October 20, a report released by BCG showed that in the top 25 economies in terms of global exports, the United States as the benchmark (100), China’s manufacturing cost index is 96, that is, the same product in the United States. The manufacturing cost is 1 US dollar, then it needs 0.96 US dollars in China, the gap between the two sides has been greatly reduced.
Whether or not BCG's measurement method is scientific is yet to be demonstrated, but the loss of “Made in China†is indeed an indisputable fact.
Liu Zhiqin, a researcher at the Chung Yang Financial Research Institute of Renmin University of China, believes that due to factors such as labor costs, RMB appreciation, and trade barriers, China’s manufacturing cost advantage will gradually be lost. The task of reversing this trend is arduous, but it is neither realistic nor possible to place the expectation of economic restructuring on new forms of business brought about by the service industry and high technology. National security, economic development, and employment all require China to make a difference in high-end manufacturing.
An intelligent manufacturing company executive said that due to the slowdown in the domestic economy, the pressure on the industry is generally high. With the intensification of manufacturing overcapacity in China and changes in labor costs, domestic manufacturing companies have gradually begun to shift some factories to countries with lower labor costs, such as India.
Li Dongsheng, chairman and chief executive officer of TCL Group, pointed out that exporting China's industrial capacity overseas is a general trend that can both absorb excess production capacity and help Chinese companies “go globalâ€.
According to the Ministry of Industry and Information Technology, “all of this has determined that the form and task of our “going out†should accelerate the shift from product output, goods trading mainly to industry and capital output.â€
The “going out†of equipment manufacturing industry is an important investment opportunity in the coming years. Earlier, the Ministry of Industry and Information Technology and the National Development Bank have jointly selected more than 30 key projects to promote the manufacturing of equipment through the cooperation between banks and enterprises.
At the same time, in implementing the goals of the China Manufacturing 2025 plan, the Ministry of Industry and Information Technology also focused on further supporting the “going out†of high-end equipment manufacturing, and selected some key projects to accelerate progress.
According to the Ministry of Industry and Information Technology, “In the future, we will promote financial institutions to innovate financial services, improve the global service network, build a docking platform for banks and enterprises, and make good use of existing policy-based financial instruments to integrate key areas of international capacity and equipment manufacturing cooperation into the Silk Road Fund. , AIIB and other policy support areas."
Everbright Securities believes that China has the advantages of going overseas, including ship exports, high-speed rail, nuclear power, construction, UHV power grids, and 4G networks. Ship exports (CIMC), High Speed ​​Rail (China Railways), Nuclear Power (Shanghai Electric, Dongfang Electric, China Yizhong, China Nuclear Technology), Infrastructure (China Railway Construction, China Communications Construction, China Railway Construction, China Construction, Longjian , Southeast grid) and other plates are worth continuing investors to see.
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